BOWLING GREEN, Ky. — Sen. Mitch McConnell, R-Ky., gathered with business leaders on Monday to discuss the economy's current state and its growth in the near future.


What You Need To Know

  • Sen. Mitch McConnell, R-Ky., stopped in Bowling Green to tout economic growth in the state

  • McConnell pointed out a major success of Kentucky's economy was from the COVID-era Paycheck Protection Program

  • $1.6 billion dollars is going toward the Brent Spence bridge

The stop was during the annual Bluegrass Community Bankers Conference, a networking opportunity for business leaders across the Commonwealth.

During his visit, he talked about the success of the COVID-era paycheck protection program.

The program allowed for over $2 billion from the federal program to come to Kentucky, helping over 6000 business, as well as approving over120,000 loans.

“I wrote that bill in my office. I was majority leader at the time. And it saved a lot of community banks, a lot of business,” McConnell said.

McConnell also brought up the Consumer Financial Protection Bureau, which was formed in response to the 2008 financial crisis, and ensures that markets for consumer financial products are fair, transparent and competitive.

The Supreme Court agreed to a Biden Administration request to take up a major case involving the CFPB.

The case picks up from a battle three years ago when opponents targeted the bureau’s structure and tried to dismantle its authority to safeguard mortgages, car loans, credit cards and other lending practices.

As of right now, a decision could come next spring.

“I think there is an overwhelming likelihood that the Supreme Court would say that it’s not constructed properly, consistent with the constitution,” McConnell said.

McConnell also discussed federal investments in Kentucky’s infrastructure. He claims that $1.6 billion is going toward the Brent Spence bridge project, which, according to McConnell, is “one of the most troubled bridges in the whole country.”

The money comes from the Bipartisan Infrastructure law passed by President Joe Biden, and it aims to repair roads and spur the economy.

The National Association of Manufacturers says the freight that crosses the Brent Spence bridge is equal to 3% of the nation’s Gross Domestic Product.